Tamarack Valley Energy (TSE:TVE) had its target price trimmed by Raymond James from C$5.00 to C$3.50 in a report published on Thursday, BayStreet.CA reports.
TVE has been the topic of several other reports. Eight Capital upped their price target on Tamarack Valley Energy from C$4.00 to C$4.25 in a research report on Friday, May 10th. GMP Securities reissued a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. National Bank Financial dropped their price target on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Finally, Canaccord Genuity reissued a buy rating and set a $7.50 price target on shares of in a research report on Tuesday, July 9th.
TSE:TVE opened at C$2.06 on Thursday. The firm has a market capitalization of $473.16 million and a price-to-earnings ratio of 15.73. Tamarack Valley Energy has a 1-year low of C$1.81 and a 1-year high of C$5.20. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 25.12. The company’s fifty day simple moving average is C$2.12.
In related news, Senior Officer Ken Cruikshank sold 160,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of C$2.84, for a total transaction of C$454,240.00. Following the transaction, the insider now directly owns 67,555 shares of the company’s stock, valued at C$191,788.65.
About Tamarack Valley Energy
Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.
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